The unfolding events happening in Hong Kong right now officially mark the death of Weibo and the rise of Wechat as China’s most popular social media platform, for both friends’ updates and breaking news.

On February 21, high-ranking Chinese military officer Luo Yuan, major general, opened a personal Weibo account. Instead of welcomes, Chinese netizens showered Luo with bitter questions and criticism. The peacetime general’s hope to win over public favor is crashed completely.

In order to monetize services and increase user stickiness, Baidu, Sina Weibo (microblog) and Renren (SNS) all jumped into the online recruiting and job searching market in China. Social capital now has the potential to turn into real capital.

VANCL, China’s largest branded apparel e-commerce website, started an e-commerce 2.0, or, as I call it, social e-commerce, campaign today that has the potential of prompting a revolution in the industry.The campaign is called “VANCL Star, 10% = 1 billion”. To put it in a simple way, the campaign is to share profits with VANCL fans.